Hang Seng Bank Limited (HSNGY)

Hang Seng Bank Income Statement

Financials in millions HKD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	61,277	59,439	34,782	28,030	35,010
Interest Income on Investments	207	253	225	653	844
Total Interest Income	61,484	59,692	35,007	28,683	35,854
Interest Paid on Deposits	30,493	27,144	9,231	4,685	8,791
Net Interest Income	30,991	32,548	25,776	23,998	27,063
Net Interest Income Growth (YoY)	-4.78%	26.27%	7.41%	-11.33%	-16.47%
Gain (Loss) on Sale of Assets	-9	-7	-15	-48	-19
Gain (Loss) on Sale of Investments	53	-3	85	206	-10
Other Non-Interest Income	10,502	8,284	8,553	9,214	6,952
Total Non-Interest Income	10,546	8,274	8,623	9,372	6,923
Non-Interest Income Growth (YoY)	27.46%	-4.05%	-7.99%	35.37%	5.58%
Revenues Before Loan Losses	41,537	40,822	34,399	33,370	33,986
Provision for Loan Losses	4,773	6,248	7,694	2,807	2,738
Revenue	36,764	34,574	26,705	30,563	31,248
Revenue Growth (YoY)	6.33%	29.47%	-12.62%	-2.19%	-15.81%
Salaries and Employee Benefits	5,918	5,759	5,874	6,275	6,064
Occupancy Expenses	1,963	1,915	1,974	2,066	2,086
Amortization of Goodwill & Intangibles	1,170	934	702	472	297
Selling, General & Administrative	6,142	6,016	5,245	5,321	4,758
Total Non-Interest Expense	15,154	14,431	13,805	14,062	13,280
EBT Excluding Unusual Items	21,610	20,143	12,900	16,501	17,968
Asset Writedown	-596	-38	-119	-116	1,446
Pretax Income	21,014	20,105	12,781	16,385	19,414
Income Tax Expense	2,645	2,267	1,509	2,439	2,744
Earnings From Continuing Operations	18,369	17,838	11,272	13,946	16,670
Minority Interest in Earnings	10	10	14	14	17
Net Income	18,379	17,848	11,286	13,960	16,687
Preferred Dividends & Other Adjustments	699	708	710	703	700
Net Income to Common	17,680	17,140	10,576	13,257	15,987
Net Income Growth	2.98%	58.14%	-19.15%	-16.34%	-32.82%
Basic Shares Outstanding	1,896	1,912	1,912	1,912	1,912
Diluted Shares Outstanding	1,896	1,912	1,912	1,912	1,912
Shares Change (YoY)	-0.85%	-	-	-	-
EPS (Basic)	9.33	8.97	5.53	6.93	8.36
EPS (Diluted)	9.33	8.97	5.53	6.93	8.36
EPS Growth	4.04%	62.07%	-20.22%	-17.08%	-34.54%
Dividend Per Share	6.800	6.500	4.100	5.100	5.500
Dividend Growth	4.62%	58.54%	-19.61%	-7.27%	-32.93%
Effective Tax Rate	12.59%	11.28%	11.81%	14.89%	14.13%

Source: S&P Capital IQ. Banks template. Financial Sources.